“Growth in productivity has diverged from growth in the share that working people can expect right across advanced economies, but this trend started earlier and has been more pronounced in the U.S.” PeopleHas BeensGrowthEconomyShareProductivityTrends Author:Mariana Mazzucato
“Shareholder value theory - the destructive idea that companies should be run solely for the benefit of shareholders - has led to financialized businesses that do not invest in the areas that will lead to future growth or the invention of useful new products.” ShouldIdeasRunningValuesGrowthCompanyProductsTheoryBenefitsAreasInventionDestructiveShareholdersNew ProductsFuture GrowthShareholder Value Author:Mariana Mazzucato
“In my view, the state should be active and work in cooperation with private businesses to spur growth that's sustainable and inclusive. The policy process is about co-creating and co-shaping of markets, creating new opportunities for business investment - and negotiating a better deal for the public too.” ShouldStatesOpportunityProcessGrowthViewsDealsPolicyCreatingInvestmentActiveCooperationSpursNegotiatingNew Opportunity Author:Mariana Mazzucato
“If we want growth today to be more innovation-driven, more inclusive and more sustainable, then we need a more active state, not a less active one. Yet we still hear the dogma that we should just fix market failure by focusing on science and infrastructure, and to "level the playing field."” IfsWantNeedsShouldStillsStatesTodayGrowthLevelsFieldsInnovationActiveDrivenDogmaInfrastructurePlaying FieldsMarket Failure Author:Mariana Mazzucato
“Fixing markets isn't enough. We have to actively shape and create them and tilt the playing field in the direction of the growth we want.” WantEnoughGrowthFieldsShapesFixingPlaying FieldsTilt Author:Mariana Mazzucato
“Brexit has shrunk the market opportunities. Exiting trade deals will do the same for the U.S. Those deals must be actively shaped and governed to make growth more inclusive.” OpportunityGrowthDealsTrade Author:Mariana Mazzucato
“While infrastructure is of course important, it must be part of a bigger vision. The point is not to simply dig ditches but to steer those investments towards transformational growth.” ImportantCoursesGrowthVisionBiggerInvestmentInfrastructureSteers Author:Mariana Mazzucato
“What is needed is both a New Deal in terms of mission-oriented investments but also a new deal in terms of a modern social compact - one that allows the state to socialize not only risks but also rewards. Maybe then innovation-led growth will also become growth that includes all of us.” StatesSocialGrowthTermDealsRiskModernNeededInnovationInvestmentRewardsMissionsCompactNew Deal Author:Mariana Mazzucato
